The National Securities Depository Limited (NSDL) on October 07, 2026, issued a circular regarding Internal and Concurrent Audit of Depository Operations.
The following has been stated: -
•NSDL has revised the format of the internal and concurrent audit report for depository operations, applicable for the audit period April 01, 2026, to September 30, 2026.
•Depository Participants must get their operations audited half-yearly by a qualified Chartered Accountant, Company Secretary or Cost and Management Accountant holding a Certificate of Practice and submit the report to NSDL by November 15 for the April–September period and May 15 for the October–March period.
•The audit must cover all aspects of depository operations, with risk-prone areas under concurrent audit reviewed by the next working day or, in cases involving large volumes, within one week.
•The same auditor may conduct both audits, in which case a consolidated report must be submitted; otherwise, separate reports are required. Reports not complying with NSDL’s prescribed guidelines will be treated as non-submission.
[Circular No.: NSDL/POLICY/2026/0152]
